PART X — Taxes on Deferred Profit Sharing Plans and Revoked Plans

Distribution deemed disposition

Not yet annotated · Text current to 2026-06-21 · section last amended 2013-06-26

Current text

For the purposes of this Part, a distribution by a trust of a non-qualified investment to a beneficiary of the trust shall be deemed to be a disposition of that non-qualified investment and the proceeds of disposition of that non-qualified investment shall be deemed to be its fair market value at the time of the distribution.

Source: Justice Laws Website. Not an official version.

Historic text

Immediately preceding version, in force from 2004-08-31 to 2013-06-25:

Show the text in force 2004-08-31 to 2013-06-25

Distribution deemed disposition

200 For the purposes of this Part, a distribution by a trust of a non-qualified investment to a beneficiary of the trust shall be deemed to be a disposition of that non-qualified investment and the proceeds of disposition of that non-qualified investment shall be deemed to be its fair market value at the time of the distribution.

[NOTE: Application provisions are not included in the consolidated text
see relevant amending Acts and regulations.]
1970-71-72, c. 63, s. 1“200”

This version on Justice Laws

Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 200 links to the one before it.

Enacting and amending legislation

R.S., 1985, c. 1 (5th Supp.), s. 200; 2013, c. 34, s. 334(F)

Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.

Cross-references

No other section of the Act refers to this section, and it refers to no other section.

References are generated from the statutory text and list other sections of the Act only.

Citation

Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 200.